Bone Morphogenetic Protein Market – 2019-2025
The global bone morphogenetic protein market was valued at USD 604.5 million in 2018, and is estimated to be valued at USD 620.21 million in 2025, witnessing a CAGR of 2.5%. The key factors that are responsible for the growth of the market include the growth in the incidences of sports-related injuries, the growing demand for minimally invasive surgeries, and technological advancements that are being done in the field of the bone morphogenetic protein.
According to the Centre for Disease Control and Prevention, the number of people participating in sports is increasing across both developing and developed nations, and this is ultimately leading to the increased number of sports injuries. Approximately, 8.6 million individuals are getting injured during sports annualy, as stated by the National Institute of Health (NIH). This accounts for 34.1 people per 1,000. Spinal injury is the most frequent injury that was seen among the injured population during NIH survey.
As the number of such sports related injury is increasing, there is a growing demand for bone morphogenetic protein, as this protein helps people who need to obtain bone formation.
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Bone Morphogenetic Proteins Key Players:
Scope of the Report
Bone morphogenetic proteins (BMPs) are signaling molecules and most are a part of the Transforming Growth Factor-β (TGFβ) family of proteins. BMPs have an important role in bone and cartilage formation, and embryogenesis. This report includes a detailed analysis of the types and applications of bone morphogenetic proteins.
This report provides comprehensive analysis of BMP Protein :
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Opportunity mapping in terms of technological breakthroughs
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Key Market Trends Of BMP Supplement
Spinal Fusion is Expected to Hold the Highest Market Share in the Application Segment
In the application segment, spinal fusion is believed to have the largest market size.
Bone morphogenetic protein (BMP) is a protein which stimulates the formation of bone in the body and it is widely used in the spinal fusion surgery. Studies have revealed that BMP is accepted widely to facilitate the fusion at the rate greater than that of traditional bone graft surgery. Due to this reason, BMP gives the surgeon the freedom to perform the surgery with the ease of the improved fusion rate, which avoids the complications of an iliac crest autograft (hip) graft harvest. When the hip graft is avoided, it shortens the amount of the time taken for surgery, and reduces complication rates, allowing for a quicker and less painful recovery time.
With the rise in the number of spinal surgeries and the ease of surgery with the help of BMP, its application is increasing rapidly in spinal fusion surgery.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America currently dominates the market and is expected to continue its stronghold for a few more years. A well-established healthcare system and the adoption of novel technologies in the region are the prime factors responsible for the growth of the market in this region.
The US FDA approved the protein molecule called rhBMP-2 in 2002, which later became the preferred procedure for the surgeries associated with bone in the United States. As per the data published by the National Institute of Health, approximately 1.62 million spinal fusion surgeries are performed annually in United States, which indicates that there is a great scope for the BMP usage in the country.
Competitive Landscape Of Morphogenetic Protein
The market is moderately competitive and consists of several companies. In terms of market share, a small number of major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by introducing new products at affordable prices. Companies like Medtronic Inc., Sigma Aldrich Corporation, Stryker Corporation, Thermo Fischer Scientific, and DePuy Synthes hold a substantial market share.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Value chain and stakeholder analysis
With the given market data, We offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company
- Geographic Analysis: Further breakdown of the European, Asia Pacific, and the Rest of the World segments into their respective countries for this market
- Company Information: Detailed analysis and profiling of additional market players (up to 5)
- Volume Data: Customization options for volume data (number of units sold) and customization options for volume data (number of tests)
- Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market
The report includes six parts, dealing with:
1.) Basic Information;
2.) The Asia Bone Morphogenetic Protein Speaker Market;
3.) The North American Bone Morphogenetic Protein Speaker Market;
4.) The European Bone Morphogenetic Protein Speaker Market;
5.) Market Entry And Investment Feasibility;
6.) The Report Conclusion.
Table of Content: Bone Morphogenetic Protein
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
Continued BMP Proteins…
The key insights of The Report Research:
1.The report Research provides key statistics on the market status of the Bone Morphogenetic Protein manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2019-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2019-2025 market development trends of Bone Morphogenetic Protein industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Bone Morphogenetic Protein Industry before evaluating its feasibility.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
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